Marine Road RailWaste Management
Company Background
- Company name: Waste Management Inc. (Re-branded 2022: WM)
- Canadian branding: Waste Management Canada Corp. (WM)
- Type: Publicly traded: NYSE:WM
- Founded/Headquarters: Texas
- Countries in operation: USA, Puerto Rico, Canada
Sold Waste Management of Canada Corporation (Atlantic Canada) assets to GFL in 2014.
2024
Recent reports put the company well ahead of expected earnings
Waste Management's Q4 operating income was up less than 3% year over year, and diluted earnings per share (EPS) were up less than 1%. Ideally, these profit metrics would improve at a faster rate than revenue.
However, investors are overlooking this because Waste Management is investing in its business. And these investments will pay off in 2024 and beyond.
Waste Management is grow[ing] its energy business… harvesting gas from landfills to fuel vehicles and to sell
[Spending] $850 million to $900 million on building this infrastructure in 2024 alone, which temporarily will weigh down free cash flow.
Waste Management expects to grow revenue by 6% to 7% in 2024.
| 2024 | |
|---|---|
| Revenue | $20.43B |
| YoY Revenue change | 3.7% |
| Net Income | 1.6% |
| Gross Margin | 28.15% |
| Dividend Yield | 1.4% |
Comparisons
Hamilton & St. Catherine's General Wage Data
| Job Description | Lowest | Mid-range | Highest | Average | noc |
|---|---|---|---|---|---|
| Heavy-duty equipment mechanics | 22 | 32 | 45 | 32.49 | 72401 |
| Automotive service technicians, truck and bus mechanics and mechanical repairers | 18 | 27 | 40 | 28.2 | 72410 |
| Automotive and heavy truck and equipment parts installers and servicers | 16.55 | 16.55 | 28.75 | 17.95 | 74203 |
| Public works maintenance equipment operators and related workers | 19.5 | 26 | 32.74 | 26.07 | 74205 |
| Other trades helpers and labourers | 16.55 | 20.65 | 35 | 23.17 | 75119 |
| Public works and maintenance labourers | 20 | 26.1 | 32 | 26.33 | 75212 |
Unifor's Hamilton Collective Agreement
| Classification | Rate | Year |
|---|---|---|
| Front End | $31.13 | 2023 |
| Roll off/Lugger/ORP | $30.45 | 2023 |
| commercial organic | $26.40 | 2023 |
| Rear/Side Load-Driver | $24.20 | 2023 |
| boom truck /container delivery | $30.91 | 2023 |
| rear load pitchman | $23.55 | 2023 |
| fabrication welder | $32.10 | 2023 |
| Container Repair | $26.18 | 2023 |
| General Labourer/Bin Painter | $24.28 | 2023 |
| Licensed Mechanic/Yellow Iron | $36.42 | 2023 |
| Apprentice Mech 1 | $27.64 | 2023 |
| Apprentice Mech 2 | $29.10 | 2023 |
| Apprentice Mech 3 | $30.56 | 2023 |
| Apprentice Mech 4 | $32.02 | 2023 |
| Lube Technician | $27.41 | 2023 |
| Tire Repair | $28.62 | 2023 |
| Site Maintenance | $25.90 | 2023 |
Unifor St. Catherine's Collective Agreement
| Classification | Rate | Year |
|---|---|---|
| Equipment Operator | 30.3 | 2023 |
| Bailer, Loader, Forklift, Skid Steer | 30.3 | 2023 |
| General Labourer | 22.01 | 2023 |
| Front End | 28.38 | 2021 |
| Roll off/Lugger/ORP | 28.38 | 2021 |
| Tire Person, Lube Person | 25.12 | 2021 |
| Residential | 24.7 | 2021 |
| White Goods, Cont Delivery, Organics | 24.7 | 2021 |
| Rear Loader, Pitchman | 22.17 | 2021 |
| Licensed Mechanic | 31.77 | 2021 |
| Apprentice Mech 4 | 28.87 | 2021 |
| Apprentice Mech 3 | 27.58 | 2021 |
| Apprentice Mech 2 | 26.28 | 2021 |
| Apprentice Mech 1 | 24.99 | 2021 |
London General Wage Data
| Job Description | Lowest | Mid-range | Highest | Average | noc |
|---|---|---|---|---|---|
| Heavy-duty equipment mechanics | 22 | 32 | 45 | 32.49 | 72401 |
| Automotive service technicians, truck and bus mechanics and mechanical repairers | 17 | 29.49 | 38 | 28.25 | 72410 |
| Automotive and heavy truck and equipment parts installers and servicers | 16.55 | 18 | 24 | 18.87 | 74203 |
| Public works maintenance equipment operators and related workers | 18 | 25 | 33 | 24.31 | 74205 |
| Other trades helpers and labourers | 16.55 | 20 | 35.4 | 23.28 | 75119 |
| Public works and maintenance labourers | 20 | 26.1 | 32 | 26.33 | 75212 |
Unifor London Collective Agreement
| Classification | Rate | Year | Segment |
|---|---|---|---|
| Front End | 30.28 | 2023 | |
| Roll off | 29.47 | 2023 | |
| Residential | 27.84 | 2023 | |
| Office recycling | 28.29 | 2023 | |
| Mini Roll off | 27.35 | 2023 | |
| Container delivery | 28.34 | 2023 | |
| Loader | 31.32 | 2023 | |
| Walking floor | 24.33 | 2023 | |
| Container Maintenance | 28.56 | 2023 | |
| General Labourer | 22.73 | 2023 | |
| Mechanics | 36.56 | 2023 | |
| Container Maintenance | 28.56 | 2023 | Shop |
| General Labourer | 22.73 | 2023 | Shop |
| Mechanics | 36.56 | 2023 | Shop |
| Shop Apprentice 0.9 | 31.93 | 2023 | Shop |
| Shop Apprentice 0.8 | 28.65 | 2023 | Shop |
| Shop Apprentice 0.7 | 25.37 | 2023 | Shop |
| Shop Apprentice 0.6 | 22.09 | 2023 | Shop |
CPI
- CPI growth 2021 to 2023: 11.36%
- Labour wage growth over contract: 7.1%
